Tuesday, April 23, 2024
HomeTechDisney to Write Off $1.5 Billion After Pulling Streaming Shows

Disney to Write Off $1.5 Billion After Pulling Streaming Shows

[ad_1]

The main characters from Hulu's Marvel's Runaways.

Picture: Hulu/Marvel

Final week, Disney eliminated a bit over 100 of its authentic programming from its streaming providers corresponding to Disney+ and Hulu all over the world. That minimize media, which incorporates the likes of Willow and Marvel’s Runaways, had been axed after Disney gave a heads up a few week upfront and for seemingly for no actual cause in any respect. Properly, that’s not true—all of it got here right down to cash.

Based on an SEC filing from late Friday, Disney’s set to write down off about $1.5 billion following this streaming purge. It was beforehand recognized this was a means for Disney to chop prices, and the submitting notes that this shall be mirrored within the firm’s fiscal third quarter. However when you thought this might be a one-and-done affair, that’s not the case. In direction of the top of the submitting, the SEC wrote that Disney is “persevering with its evaluate and presently anticipates extra produced content material shall be eliminated.” These removals equate to an extra estimated $400 million. However so far as when these removals might occur (or what canceled reveals could also be caught within the crossfire), that isn’t touched on within the submitting, and Disney hasn’t but mentioned. Likewise, it’s not recognized how a lot the latest shuttering of the Star Wars: Galactic Starcruiser expertise contributed to this write-off.

Both means, it continues to comply with within the footsteps of Warner Bros. Discovery, which has eliminated quite a lot of reveals and films from its streaming service previously often called HBO Max. Whereas a few of these reveals have discovered a house elsewhere on streaming locations like Netflix or Prime Video, others haven’t been so fortunate. It might be that these unfortunate reveals simply stay in limbo endlessly, to the purpose that even their creators don’t have laborious copies they will watch in their very own time.

[by way of Variety]


Need extra io9 information? Take a look at when to count on the newest Marvel, Star Wars, and Star Trek releases, what’s subsequent for the DC Universe on movie and TV, and all the things it is advisable to learn about the way forward for Physician Who.

[ad_2]

Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments